The price of gold has reached $3,000 per ounce for the first time due to increased demand amid economic uncertainty caused by a global trade war. Spot gold touched a record $3,004.86 per ounce, marking a 14% increase since the start of 2025. Investors view gold as a safe asset during times of economic instability. Tariffs imposed on goods have raised fears of price inflation, driving investors toward gold. Central banks continue to purchase gold, further supporting its price surge. — news from BBC.com